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Episode 13: Founders, Learning to Fail Fast and Pivot
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We are all familiar with the phrase “Fail Fast”. The “fail fast” philosophy values extensive testing and incremental development to determine whether the idea has value. The important goal of the philosophy is to cut losses when testing reveals something is not working and quickly try something else known as pivoting. The goal is not to perfect the concept but get it good enough to get it out to the market, then continuously improve it through market feedback.
We spoke to Ralph Christian Delos Santos of Biofect Innovations; Pushkar Kumar and Chitral Angammana, of NanoRial Technologies Ltd – two companies who have pivoted and are here to tell their stories.
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